7, 7A and 7B West Street
Havant
Hampshire
PO9 1EH

Parade of Three Shops

  • Includes a Parade of 3 Shops
  • Prime Pedestrianised Town Centre Location
  • Neighbouring occupiers include Poundland, Greggs, Halifax, Boots, McDonald's and Caffe Nero
  • Lot
    20
  • Auction
    10/Dec/2020
  • Rent
    £42,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £300,000 - £320,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 7, 7A and 7B West Street<br>Havant<br>Hampshire<br>PO9 1EH
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  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
7 miles north-east of Portsmouth 11 miles west of Chichester 23 miles south-east of Winchester
Roads
A27, A3(M), M27
Rail
Havant Railway Station (direct to London Waterloo and London Victoria)
Air
Southampton International Airport
Situation

The property is situated on the south side of West Street, the towns prime pedestrianised retail thoroughfare. Neighbouring occupiers include Poundland, Greggs, Halifax, Boots, McDonald's and Caffe Nero.

Tenure

Long Leasehold. Held from the Council of the Borough of Havant for a term of 125 years from 25/12/1983 at a rent of 14.5% of the rental value. The current rent is £6,489 per annum exclusive.

Description

The property comprises three shops with retail accommodation on the ground floor and ancillary accommodation on the first floor.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

UnitFloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
7Ground
First
Retail
Ancillary
39.20 sq m
27.59 sq m
(422 sq ft)
(297 sq ft)
TRUSTEES OF THE
BRENT LODGE
BIRD AND
WILDLIFE TRUST
(1)
5 years from
25/12/2017 on a full
repairing and
insuring lease
£13,50024/12/2022
7aGround
First
Retail
Ancillary
39.48 sq m
32.89 sq m
(425 sq ft)
(354 sq ft)
PDSA (2)10 years from
12/12/2013 on a full
repairing and
insuring lease
£14,00011/12/2023
7bGround
First
Retail/Ancillary
Ancillary
45.52 sq m
49.52 sq m
(490 sq ft)
(533 sq ft)
INDIVIDUAL
t/a Mr Simms Olde
Sweet Shoppe
5 years from
22/12/2019
£14,50021/12/2024
Total
234.20 sq m
(2,521 sq ft)
  £42,000 

(1) Brent Lodge Bird & Wildlife Trust is a charity registered in England & Wales, Charity No. 276179.
(2) PDSA is a major registered charity(Registered charity nos. 208217 & SC037585) that was found in 1917. The PDSA operate retail shops nationwide, and 48 Pet Aid hospitals. For the year ending 31st December 2019 PDSA reported income of £96,080,000, total funs of £73,636,000. (Source: PDSA Annual Report and Accounts 2019, www.pdsa.org.uk)

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    26.11.20
    File Size
    52 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.20
    File Size
    638 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.20
    File Size
    811 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Robert McLaren Solicitors Low Heath Cottage, Low Heath
Petworth
West Susssex
GU28 0HG
Robert McLaren 01798 342 363mclarenlegal@btconnect.com

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